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7 Differences Between Entrepreneurs and Employees

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Are you an entrepreneur? If you answered “no” because you don’t own a business, know this: Being an entrepreneur doesn’t require owning a business any more than being an accountant requires working for an accounting firm. Being an entrepreneur is all about mindset. So, are you an entrepreneur, or an employee? Let’s find out:

1. Entrepreneurs improve their skills; employees improve their weaknesses.

If you've ever been on a job interview, you've probably answered this question: "What have you done to improve your weaknesses?" This is a sensible question to an employee. After all, employees are taught that weaknesses are bad and that they should be improved. Not entrepreneurs. Entrepreneurs view focusing on weaknesses as pointless; instead, they draw on their strengths.

2. Entrepreneurs may produce lousy work; employees are perfectionists.

Employees, constantly under the watchful eye of their bosses, strive for perfectionism. After all, nobody wants a black mark on their all-important performance review. Entrepreneurs thrive on lousy work, because putting out lousy work means that at least they're producing, and it’s better to create and fail than to not have created at all.

3. Entrepreneurs say 'no' to opportunities; employees embrace them.

Warren Buffet said, "The difference between successful people and really successful people is that really successful people say no to almost everything.”

Entrepreneurs flex their "no" muscle often to maintain their focus on what matters. Employees, on the other hand, say "yes" to everything because they fear that if they say 'no' to an opportunity, they'll miss out on their big break.

4. Entrepreneurs delegate; employees practice 'DIY.'

Entrepreneurs are always looking for ways to get things off their plate. They know the monetary value of their time, and focus on the things only they can do. Employees are the opposite. They try to do everything themselves, and see it as a weakness when they can’t juggle it all. They try to know every single aspect of the business. The mantra “If you want it done right, do it yourself” is the employee’s mantra.

5. Entrepreneurs mono-task; employees (try to) multitask.

There’s no such thing as multitasking. Despite what employers want, this statement is true. Studies show it’s impossible for our brains to focus effectively on more than one thing at a time. Entrepreneurs recognize that multitasking means doing nothing well, so they “mono-task” instead. Employees, however, are trained to worship multitasking and beat themselves up when their brains won’t cooperate.

6. Entrepreneurs thrive on risk; employees avoid it.

If you ask many people in the employee mindset why they won't start a business, they'll say they need the security of their day jobs. Not having access to a pension, steady paycheck, or health insurance is too risky. Yet entrepreneurs thrive on risk. Without risk, there’s no reward, and rather than scaring entrepreneurs away, this knowledge invigorates them.

7. Employees are threatened by smarter people; entrepreneurs hire them.

In the corporate jungle, it’s survival of the fittest. If you’re not the smartest, most well-connected or hardest-working person in your department, you’re stuck at that bottom rung of the ladder. Employees, therefore, are threatened by those who are smarter than they. They view the smarter guys as competition. Entrepreneurs hire those people. They know that without a great team, their business will fail, so they hire up.

You don’t have to be a startup CEO or even own your own business to be an entrepreneur, but the entrepreneurial mindset is one that attracts success.

Are you ready to apply that entrepreneurial  mindset to running your own business? Consider EXIT Realty Massachusetts franchise ownership, and spend just 30 minutes to find out how to get started. Your innovative entrepreneurial mindset combined with our resources, experience, and support, is a recipe for success. Transform from an employee to an entrepreneur with the EXIT Realty team.

 

 

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